Insider Selling: O’Reilly Automotive Inc (ORLY) SVP Sells $837,500.00 in Stock

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O’Reilly Automotive Inc (NASDAQ:ORLY) SVP Jeremy Adam Fletcher sold 2,500 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $335.00, for a total value of $837,500.00. Following the completion of the transaction, the senior vice president now directly owns 3,428 shares of the company’s stock, valued at $1,148,380. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jeremy Adam Fletcher also recently made the following trade(s):

  • On Thursday, July 19th, Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock. The stock was sold at an average price of $300.02, for a total value of $1,500,100.00.

Shares of NASDAQ:ORLY opened at $346.12 on Friday. O’Reilly Automotive Inc has a 1 year low of $190.00 and a 1 year high of $347.98. The stock has a market cap of $27.77 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.38 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.11 and a debt-to-equity ratio of 8.45.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.04 by $0.24. O’Reilly Automotive had a return on equity of 229.48% and a net margin of 13.42%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the company posted $3.10 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts expect that O’Reilly Automotive Inc will post 15.91 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Oppenheimer boosted their price target on O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Wells Fargo & Co reissued a “buy” rating and issued a $345.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, August 7th. BidaskClub raised O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 7th. ValuEngine raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Finally, Royal Bank of Canada boosted their price target on O’Reilly Automotive to $335.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $323.27.

A number of large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. increased its position in O’Reilly Automotive by 4.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock valued at $950,000 after buying an additional 160 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in O’Reilly Automotive by 2.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock valued at $1,709,000 after buying an additional 166 shares in the last quarter. Eads & Heald Wealth Management increased its position in O’Reilly Automotive by 3.4% during the 2nd quarter. Eads & Heald Wealth Management now owns 5,697 shares of the specialty retailer’s stock valued at $1,559,000 after buying an additional 186 shares in the last quarter. IFM Investors Pty Ltd increased its position in O’Reilly Automotive by 7.5% during the 1st quarter. IFM Investors Pty Ltd now owns 2,749 shares of the specialty retailer’s stock valued at $680,000 after buying an additional 191 shares in the last quarter. Finally, Rational Advisors LLC grew its stake in O’Reilly Automotive by 2.0% during the 2nd quarter. Rational Advisors LLC now owns 9,825 shares of the specialty retailer’s stock valued at $2,688,000 after purchasing an additional 192 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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